Fed: Household Debt Increases

first_imgHome / Daily Dose / Fed: Household Debt Increases The Week Ahead: Nearing the Forbearance Exit 2 days ago Fed: Household Debt Increases in Daily Dose, Featured, Market Studies, News Tagged with: Household Debt Mortgage Debt New York Fed Student Loans Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Comment Period for Amendments to CFPB’s TILA/RESPA Rules Open Until March 16 Next: DS News Webcast: Wednesday 2/18/2015 Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago February 17, 2015 1,281 Views Sign up for DS News Daily Americans stepped up their borrowing in the fourth quarter, with mortgage activity leading other categories.The Federal Reserve Bank of New York said Tuesday that outstanding household debt increased $117 billion from the third quarter of last year to the fourth, putting total indebtedness at about $11.8 trillion as of the end of 2014.Balances went up across most categories, led by a $39 billion increase in mortgage debt to a total of $8.2 trillion. Student loan debt—a commonly cited obstacle for recent college graduates interested in owning a home—followed closely, increasing $31 billion to a total of $1.2 trillion.As student debt rose, delinquencies worsened, with about 11.3 percent at least 90 days past due compared to 11.1 percent at the end of Q3.”Although we’ve seen an overall improvement in delinquency rates since the Great Recession, the increasing trend in student loan balances and delinquencies is concerning,” said Donghoon Lee, research officer at the New York Fed. “Student loan delinquencies and repayment problems appear to be reducing borrowers’ ability to form their own households.”Mortgage originations, measured as appearances of new mortgage balances and refinance mortgages, increased to $355 billion, still low by historical standards, the New York Fed said.Among other findings: both auto loan and credit card debt also increased, rising $21 billion and $20 billion, respectively. Outstanding debt for home equity lines of credit fell, meanwhile, dropping $2 billion to a total of $510 billion.Meanwhile, the number of credit inquiries within six months—tracked as a gauge of demand for consumer credit—increased by 4 million quarter-over-quarter, reaching 175 million. Related Articles Share Save Subscribe Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Tory Barringer Household Debt Mortgage Debt New York Fed Student Loans 2015-02-17 Tory Barringer Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

WSOC : Syracuse goes into Big East tournament confident in underdog role

first_imgPhil Wheddon warned all season long opposing Big East schools would be surprised at what Syracuse was capable of. The Orange head coach knew his team was better than its opponents thought.‘Everyone wrote us off,’ Wheddon said Oct. 18 as SU prepared for the regular-season finale against St. John’s last Friday. ‘… I think some teams still do. I think a lot of people are going to look at us and say it was a fluke, Syracuse got lucky. It’s not luck, it’s hard work on the ladies’ part.’Now Syracuse (7-7-3, 6-5 Big East) looks to keep surprising teams as it attempts to navigate its way through the Big East tournament, starting with Georgetown (14-5, 8-3) this Sunday at 1 p.m. in Washington, D.C., in the Big East quarterfinals. Although the Orange has no experience in postseason play and already lost to Georgetown earlier in the regular season, SU still believes it’s capable of beating the odds once again and moving on to the semifinals and finals in West Virginia.The last time Syracuse was in the Big East tournament was back in 2005. As a result, there isn’t a single player on this year’s roster who has played in a Big East tournament in their college career. The Orange is arguably the most inexperienced squad in the 10-team tournament.SU’s opponent, Georgetown, finished with the most regular-season wins in school history and has 19 players who were on the team’s roster last year who advanced to the NCAA quarterfinals in 2010. The difference in experience, though, doesn’t bother or concern Wheddon.AdvertisementThis is placeholder textIn fact, he’s encouraged by it.‘I think that can be a good thing,’ Wheddon said. ‘Sometimes there’s added pressure when you’ve already experienced something in the past.’And though this is foreign ground for players, it’s also unknown terrain for Wheddon. The fourth-year head coach will be roaming the sideline in a playoff match for the first time in his SU career.Wheddon said it’s imperative for him to stay grounded and be a calming presence for his players, unlike other coaches who might have the propensity to ‘freak out.’He said that some coaches allow their emotions to get the better of them, and they end up yelling and screaming orders. That lack of composure can put pressure on players on the field.‘The players should be excited to train,’ Wheddon said. ‘This week is about them. It’s not about the coaches.’Jenna Rickan, a junior forward, believes the team will be excited rather than nervous.Using the team’s lack of experience as a reason for any failures would only be an excuse, Rickan said.Rickan said though the Orange might be new to the postseason, it is familiar with a Georgetown squad that came into SU Soccer Stadium on Sep. 23 and topped Syracuse 3-1. SU had multiple scoring chances throughout the game, including one within the first five minutes, when Cecilia Borgstrom couldn’t capitalize on a one-on-one against Georgetown goalkeeper Elizabeth Hanna.Rickan said this time around, Syracuse has to cash in on its scoring opportunities.Junior midfielder Alyscha Mottershead said since that game the team has concentrated more on its attacking and defending inside the box. She also thinks that previous loss to Georgetown is one that will push them even more when the two meet Sunday.‘Just using the motivation that we lost to continue and go at them even harder than we did last time,’ Mottershead said.When Sunday finally approaches, Rickan thinks as long as the team goes into the match with the right mindset, a win is well within reach.But Syracuse can’t afford to be tentative in the early going even if the postseason is unfamiliar to the entire team.‘Just knowing that we deserve to be here and not being timid and coming out and just playing how we play, and we’ll come away with a win,’ Rickan said.And that’s what Wheddon hopes his team can do. He said in the playoffs, one bad bounce or slipup from a goalkeeper can change the entire game.Wheddon wants Syracuse to make its own luck. If the Orange can do that, then it can continue to exceed expectations.‘The sky’s the limit,’ Wheddon said. ‘When you get into a knockout situation anything can happen.’[email protected] Comments Published on October 25, 2011 at 12:00 pmcenter_img Facebook Twitter Google+last_img read more

Trojans pivot focus to undefeated Bears

first_imgJo Danielle Esteban | Daily TrojanFollowing their thrilling double-overtime victory over Texas, the Trojans don’t have much time to relax as they prepare to go up to Northern California and play Cal on Saturday. After opening the season with three straight home wins, the Trojans will be tested with their first road game of the 2017 season. Coming in Clutch Although its national ranking has slipped from No. 4 to No. 5, USC survived the upset in a nail-biting game.Head coach Clay Helton praised some underclassmen for their clutch performances that helped the Trojans leave the Coliseum with the win. With a steep learning curve, Helton acknowledged that everyone adjusts to the college game differently. “You can always tell when you look at them in the huddle,” Helton said. “You look at their eyes and you can tell, ‘That guy’s ready, that guy’s ready and there’s the big deer in the headlights.’” With preparation and constant repetition, Helton received production out of younger players when it mattered the most. After being stopped on the ground for most of the game, freshman running back Stephen Carr made a crucial 21-yard catch in the final seconds of the fourth quarter off a jump throw by redshirt sophomore quarterback Sam Darnold. Freshman walk-on kicker Chase McGrath, who missed his first field goal attempt, hit the tying and winning field goals later in the game. Helton also praised redshirt sophomore wide receiver Tyler Vaughns for his performance on Saturday. After being quiet in the first two games, Vaughns had four catches for 25 yards and played crucial snaps in the fourth quarter and overtime. Scouting the Bears Cal, which has also started the season 3-0, is coming off a 27-16 win against Ole Miss. The Trojans will see a familiar face on the opposite sideline of California Memorial Stadium. Justin Wilcox, a former USC defensive coordinator, has exceeded expectations after being hired as Cal’s head coach this year. “We’re very impressed with their team,” Helton said. “A lot of credit goes to Justin Wilcox and his staff. They’ve got their team playing with a lot of confidence and a lot of effort right now.” On offense, the Bears are led by redshirt sophomore quarterback Ross Bowers. Bowers has completed 60 percent of his passes so far this season while throwing for five touchdowns. “I think the kid does a really nice job in their run/pass option game, which is a big part of their system, and he also has some accuracy vertically,” Helton said. Cal lost their starting running back, senior Tre Watson, early in the season after an unspecified right leg injury. Junior Patrick Laird has stepped up for the Bears in his place, averaging 7.5 yards per carry. On the other side of the ball, the Bears are led by a tough front seven. It appears that Wilcox’s hire has helped shore up the Bears’ defense, which has only given up 22 points a game. Their defense is led by senior Devante Downs, who recorded 14 tackles in the Bears’ win over the Rebels. Given Cal’s much-improved defensive unit, the Trojans will be tested in their first road game. After struggling running the ball, the Trojans leaned on the right arm of Darnold to pull out the win. But on Saturday, the Trojans will try to return to their identity of balance on offense by establishing the run game. Injuries The Trojans came out of the double-overtime battle on Saturday with a win, but got banged up in the process. Junior linebacker Porter Gustin (shoulder), redshirt junior cornerback Ajene Harris (knee), senior linebacker Uchenna Nwosu (knee), junior defensive tackle Rasheem Green (ankle), redshirt senior receiver Steven Mitchell (groin) and freshman receiver Joseph Lewis IV all missed practice on Tuesday. Junior running back Ronald Jones II, redshirt sophomore linebacker John Houston Jr. and junior offensive tackle Chuma Edoga were all limited. Despite the lengthy injury list, Helton says he’s not too concerned, citing depth all over the field that can fill in until starters get healthy. The Trojans’ injury situation is something to monitor closely, especially because their bye week doesn’t come until the end of the regular season schedule.last_img read more